XRP News Today: XRP Futures Volume Spikes 208% Amid SEC Legal Resolution and 11% Price Rally

XRP futures activity surged by over 208% in the past 24 hours, reaching $12.4 billion in trading volume, according to on-chain analytics firm Glassnode [1]. This sharp increase coincided with a price rally, as XRP climbed from $2.99 to $3.38 in the same period, marking a 11% gain [1]. The surge in volume and price came amid the resolution of the U.S. Securities and Exchange Commission’s (SEC) long-running legal battle with Ripple, which removed a major regulatory uncertainty for XRP [1].

The increased leverage-driven activity suggests growing interest in XRP among traders seeking exposure to its upward momentum. Open interest (OI)—a measure of the total value of outstanding futures contracts—also rose significantly. According to data from Coinglass, OI surged 17% to $8.94 billion [1], while Glassnode reported a 15% increase to $5.9 billion [1]. A positive funding rate of 0.01% further indicates that long positions dominate the market, signaling optimism among leveraged traders [1].

The spike in futures activity outpaced that of other major cryptocurrencies. While Bitcoin’s 24-hour volume remained at $50.6 billion and Ethereum at $76.7 billion, XRP recorded the largest proportional increase, surpassing Solana’s $9.6 billion and Dogecoin’s $4.9 billion in trading activity [1]. This outperformance suggests XRP is attracting a disproportionate amount of speculative and leveraged capital at the moment.

However, the market’s reaction to XRP’s recent price action has been mixed. Earlier in August, XRP’s open interest fell sharply after hitting an all-time high of $11.2 billion on July 18, coinciding with a price peak of $3.66. The subsequent decline in open interest aligned with a 37% drop in open interest to $7.05 billion, as XRP fell below the $3 mark by August 3 [1]. Now, with leveraged interest rekindling, XRP has shown renewed price resilience, holding near $3.31 as of the latest data [1].

Analysts have offered varying projections for XRP’s future. Some suggest a potential rise to $10 by the end of the year, while more bullish forecasts anticipate a move toward $30 during the current bull cycle [1]. These projections, however, remain speculative and are not backed by confirmed market fundamentals [1].

The broader crypto market has also responded to XRP’s momentum. Stellar (XLM) gained 16%, and SUI rose 8% in the same period [1], likely benefiting from overall market optimism rather than direct XRP-related activity. This highlights the interconnected nature of the crypto space, where strong performance in one asset can influence others.

Despite the positive on-chain signals and regulatory clarity, market participants are urged to remain cautious. While the surge in futures volume and price momentum indicates short-term bullish sentiment, long-term price stability will depend on broader macroeconomic and regulatory developments. Investors are advised to monitor key resistance levels and on-chain activity for confirmation of a sustained rally.

[1] TheCryptobasic, https://thecryptobasic.com/2025/08/08/xrp-futures-activity-spikes-in-the-past-24-hours-heres-what-it-means-for-prices/